# SoftBank and Symbotic launch GreenBox warehouse automation joint venture

SoftBank Group and Symbotic formed GreenBox Systems LLC, a joint venture to offer warehouse-as-a-service automation. SoftBank owns 65% and Symbotic 35%, with initial funding of $100 million. GreenBox also signed a $7.5 billion contract to purchase Symbotic systems.

- Type: Partnership
- Announced: 2023-07-24
- Value: $7.50B
- Status: announced
- Products: warehouse automation systems, AI-powered robotics
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Symbotic](https://endata.com/companies/15130.md) (partner)
- [SoftBank Group](https://endata.com/companies/15862.md) (partner)
- [GreenBox Systems](https://endata.com/companies/71593.md) (partner)

## Sources

- [dcvelocity.com](https://www.dcvelocity.com/articles/58074-softbank-buys-stake-in-symbotic-to-launch-warehouse-automation-joint-venture), 2023-07-24: "The warehouse robotics provider Symbotic LLC will team with Japanese investment firm Softbank Group Corp. to create a well-funded, joint venture company that offers warehouse-as-a-service automation products using Symbotic’s technology."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.